SATURDAY, FEBRUARY 13, 1982
6
TUEN MUN INDUSTRIAL BOOKLET PUBLISHED
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A 24-PAGE BOOKLET ON INDUSTRIAL INVESTMENT IN TUEN MUN HAS BEEN PUBLISHED BY THE DISTRICT BOARD'S COMMERCE AND INDUSTRY SUB-COMMITTEE.
IT IS A BI-LINGUAL PUBLICATION AND CONTAINS INFORMATION ON THE NEW TOWN'S EXISTING INDUSTRIES, COMMUNICATIONS, AVAILABILITY OF LAND, LABOUR SUPPLY, PROVISION OF SUPPORTING SERVICES, AND ACCOMMODATION AND RECREATIONAL FACILITIES.
THE DISTRICT OFFICER, MR BILLY LAM, WHO IS ALSO CHAIRMAN OF THE DISTRICT BOARD, SAYS IN AN INTRODUCTION THAT THE BOOKLET HELPS TO OUTLINE THE TOWN'S ATTRACTIONS TO INVESTORS.
TUEN MUN IS ONE OF THE FASTEST DEVELOPING OF THE NEW TOWNS. IT NOW HAS 130 000 PEOPLE, BUT IS EXPECTED TO HAVE MORE THAN HALF A MILLION PEOPLE BEFORE THE END OF THIS DECADE.
TUEN MUN COULD PROVIDE 1 772.6 HECTARES OF DEVELOPMENT AREA, OF WHICH MORE THAN 11 PER CENT IS DESIGNATED FOR INDUSTRIAL USE, HE SAYS.
THERE IS PLENTY OF ROOM FOR EXPANSION IN EVERY DIRECTION AND THE POTENTIAL OF TUEN MUN BECOMING THE INDUSTRIAL HUB OF THE NORTH WESTERN NEW TERRITORIES IS UNQUESTIONABLE.
THE SUPPLY OF INDUSTRIAL LAND IS PLENTIFUL AND THE MARKET PRICE IS SIGNIFICANTLY LOWER THAN IN THE URBAN AREA AND OTHER NEW TERRITORIES NEW TOWNS.
THE BOOKLET QUOTES THE PRICE OF INDUSTRIAL LAND IN TUEN MUN IN NOVEMBER, 1981, AT $6 000 PER SQUARE METRE, COMPARED TO
$8 000 TO $14 000 IN URBAN KOWLOON AND HONG KONG THE FLATTED FACTORY PRICE AT $2 000 PER SQUARE METRE COMPARED TO $3_200 TO $5 300; AND RENTS FOR FLATTED FACTORY SPACE AT $17 PER SQUARE METRE PER MONTH COMPARED TO $25 TO $50.
IT SAYS AS MOST OF THE RESIDENTS IN THE MAJOR HOUSING ESTATES IN TUEN MUN CAME FROM THE URBAN AREAS THEY INEVITABLY BROUGHT WITH THEM THE SKILL AND RESOURCEFULNESS WHICH HAD PROVED TO BE SO ESSENTIAL AND USEFUL IN INDUSTRIAL DEVELOPMENT IN THE URBAN AREAS.
+THERE IS, THEREFORE, NO LACK OF SKILLED MANPOWER SUPPLY IN TUEN MUN, THE BOOKLET STATES.
THE NEW TOWN IS WELL LINKED WITH OTHER PARTS OF THE TERRITORY BOTH BY LAND AND SEA TRANSPORT.
FOR EXAMPLE, IT ONLY TAKES 30 MINUTES TO REACH THE KWAI CHUNG CONTAINER PORT VIA THE SIX-LANE MODERN HIGHWAY, AND THE SAME JOURNEY TIME TO REACH CENTRAL HONG KONG BY THE HOVERFERRY SERVICE. WHEN THE TSUEN WAN MASS TRANSIT RAILWAY STATION OPENS IN MAY, IT WILL TAKE ONLY 20 MINUTES TO GET TO TUEN MUN.
THE BOOKLET